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Obama Wins, Even With High Unemployment
The following is a guest blog written for CNBC by Peter Morici, professor at the Robert H. Smith School of Business at the University of Maryland, and former chief economist at the U.S. International Trade Commission.
Unemployment hangs stubbornly above 8 percent. Yet, defying election history, President Obama would handily win a second term if voters went to the polls today.
Governor Romney has not capitalized on the stagnant economy, because after sewing up the GOP nomination, he failed to move quickly on issues critical to key demographic groups, and act on the challenger’s imperative to offer a better alternative to the President’s policies.
To win conservative primary voters, Governor Romney rejected the Dream Act, which enjoyed bi-partisan sponsorship in Congress and would permit young adults brought to America illegally as children to earn citizenship by completing two years of college or military service.
After securing the nomination, Mr. Romney failed to define a compromise position more acceptable to Hispanic voters, and permitted President Obama to preempt the issue by suspending deportation of those young adults. President Obama enjoys an overwhelming lead among Hispanic voters.
Governor Romney vows to repeal Obamacare but is vague about what would replace it. The President’s health care reforms may be too expensive and encourage private firms to offshore jobs to escape costly coverage for employees; however, the law contains provisions popular among the elderly and with women-for example, much improved Medicare prescription drug coverage and coverage for children with chronic conditions.
No surprise! President Obama leads Governor Romney in Florida-a must win state for any Republican candidate, along with Texas, given the Democrat’s lock on California and New York. And the President enjoys a significant lead among women in battleground states.
On the economy, Governor Romney sounds like a broken record, repeating an annoying theme and undermining his appeal. Constantly harping President Obama’s economic policies have failed, he asserts his business experience qualifies him to create millions of new American jobs.
Death_By_Farts
July 9th, 2012
I said it once, I’ll say it again.
This election, we all need to watch MSNBC as the election results come in. Don’t watch Fox or even CNN. Watch MSNBC. Record or even DVR it, for it will prove to be very entertaining for years to come.
Watch Chris Matthews, Ed Schultz, Skeletor Combs, Fatty Are-Beckle, and Butch Maddow be forced to announce Romney’s wins state by state, registering pure disbelief when he wins in battleground states, and even a few blue states like New Hampshire and Michigan.
Then the coudetaux…Obama loses by an epic landslide.
For dessert, we get to watch them lick their wounds after the slaughter and laugh out loud at them.
Do it. This November. Watch MSNBC…The night the majority of American voters sent a message to the liberal media; “FUCK YOU”.
Johnny Freedom
July 9th, 2012
Yeah, we’ve learned our lesson over and over from listening to what the communist left has to say about elections… if ___(R) doesn’t cater to the left, he will lose. Yet when ___(R) caters to the left, we lose our asses.
Ohio Dan
July 9th, 2012
I do believe the good proffessor is still waiting at the south end of a unicorn heading north to receive his allotment of skittles.
Moe Tom
July 9th, 2012
I hope the good Professor like crow. He can have it par boiled or Bar-b-Qed. Come on November. I believe he does not believe what he is saying, he’s just spinning the party line on MsNbC.
Moe Tom
July 9th, 2012
likes crow. I’m made, I mean mad.
even steven
July 9th, 2012
I wonder if the perfesser ever worked in the private sector. I had some professors who had retired from private sector careers and taught part-time, and they were the best instructors I had. The perfessers who never left college were just half-wits.
Czar of Defenestration
July 9th, 2012
An article from Yahoo! Finance?!?
No *wonder* it sounded like the broken record of
“Romney can’t do this, does that wrong…Obama can do no wrong, and look at how impeccable my credentials are” yada yada.
Mittens *has* his problems, but this article speaks *nothing* to the disasters which OBoy has created under his watch. Shill, shill shill.
Twellsy
July 9th, 2012
Blah blah Romney sucks. Blah blah osamaobama’s the best blah blah he’ll win re-election blah blah blah. One can hope that Romneys saving his money and ammunition and he’s gonna cause a shit avalanche on jugears head. Just don’t wait too long.
Johnny Pickleduster
July 9th, 2012
Commiecrat propaganda horseshit by a worthless university toad professor who wouldn’t know how to pour piss out of his boot.
Screw the polls. There are a lot of really, really pissed off Americans who don’t talk to the douchebag pollsters. That means you too , Frank Lundberg you giant pant load.
To The Right
July 9th, 2012
Pure Delusional BULL SHIT!
Bullman
July 9th, 2012
Don’t be under any illusions, the entitlement class won’t give up their claims to the Obama stash (that comes from our back pockets) easily. Having said that, Obama has pissed off many groups that voted for him in droves in the previous election, and our honored academic friend says nothing about that. Romney has not even appointed a running mate yet, and we are reading his obituary? What a joke.
kathy
July 9th, 2012
Governor Romney vows to repeal Obamacare but is vague about what would replace it.
Don’t forget, ” you have to pass it to see what’s in it ” Nancy Pelosi
This makes me sick!
Stranded in Sonoma
July 9th, 2012
…but which 75% of Americans reject because it’s bad policy.
What part of the vast majority of American hate the dream act does he not understand?
Stranded in Sonoma
July 9th, 2012
Replace it with something? Why? Just get the gov’t out of the healthcare business and the problem is solved.
See, scumbag? It works both ways.
Jerry Manderin
July 9th, 2012
Is this prof freebasing bath salts?
Alpha Maser
July 9th, 2012
I dunno. I listened to Rush today, and he kind of bummed me out about the distinct possibility of a O win. The country has unfortunately “transformed” and what would you expect when over 50% of the voters can vote themselves other peoples money, the O.P.M. of the masses.
Wyatt, Insensitive Jerk
July 9th, 2012
I am learning to not place much stock in polls anymore. Pollsters claim they are speaking to “likely voters,” but the “likely voters” who claim to support Obama seem less likely to actually vote when push comes to shove. Furthermore, more and more people (including me) are just lying to pollsters when it comes to claiming preferences – this phenomenon has been demonstrated in several past elections.
I’m not sure polling numbers showing Romney even or slightly behind Obama are a good thing. These polling numbers are a daily reminder for people like me to get out and vote against Obama.
Chuck U Farley
July 9th, 2012
Amen Wyatt.
This time in the 1982, Jimma Cawtuh was leading Ronald Reagan in the polls. How did that one turn out?
And if you look at the sampling (WaPo, for instance) it’s usually skews demonrats and usually they’re not polling ‘likely voters’.
Jethro
July 9th, 2012
From his bio at Univ. of Maryland:
Professor Morici, professor of international business, is a recognized expert on international economic policy, the World Trade Organization, and international commercial agreements. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals including the Harvard Business Review and Foreign Policy. He has offered public lectures, conferences and institutes at over 100 institutions including the Columbia School of Journalism, Harvard Business School, Universidad Tecnologica de Mexico, and Oxford University. His views have been featured on CNN, FOX, ABC, CBS, CNBC, NPR, NPB, BBC, Reuters financial networks, and national broadcast networks around the world.
’nuff said….